February 16, 2016
Two bedroom in Seager Drive, Cardiff Bay
This could make a good buy to let investment (subject to details on the lease and service charges). The property doesn’t look in bad condition although a modest amount of updating probably wouldn’t go amiss. In terms of yield at the top end around £650pcm should be possible. At the asking price of £119,500 this would give a gross yield of just over 6.5%.
My suggestion would be to give the selling agent a call, find out the missing details re the lease and the service charges but potentially make an appointment to view as on paper this looks like it could work well as a buy to let investment. I believe that the charges in this Windsor Quay development are quite reasonable compared to the newer developments.
Link to the selling agent’s advert plus more photos www.rightmove.co.uk/property-for-sale/property-39983724.html